2025年CFA一级考试模拟题库.docxVIP

2025年CFA一级考试模拟题库

考试时间：______分钟总分：______分姓名：______

第一部分：道德与专业标准

1.Aninvestmentmanagerisconsideringincludingastockinitsportfolio.Thestockisissuedbyacompanythatthemanagersspouserecentlystartedworkingfor.Whatisthemostappropriatecourseofactionforthemanager?

a.Includethestockintheportfoliobutdisclosetherelationshiptotheclients.

b.Excludethestockfromtheportfoliotoavoidanypotentialconflictofinterest.

c.Discussthesituationwithasupervisoranddecidewhethertoincludethestockbasedonperformancealone.

d.Includethestockandusetheproceedstodonatetoacharitychosenbythespousescompany.

2.ACFAcharterholderispreparingareportonacompanysfinancialperformanceforanupcominginvestmentconference.Thereportincludesseveralpositivestatementsbasedonpreliminaryanalysis.However,thecharterholderdiscoversthatsomeoftheassumptionsusedintheanalysiswereoverlyoptimistic.Whatshouldthecharterholderdo?

a.Presentthereportasis,butaddadisclaimerthattheanalysisisbasedonpreliminarydata.

b.Modifythereporttoreflectmoreconservativeassumptions,ensuringthepositiveoutlookisnolongeremphasized.

c.Delaythereportuntilamorecomprehensiveanalysiscanbecompleted.

d.Sharethereportwithacolleagueforanindependentreviewbeforepresentation.

3.WhichofthefollowingactionsbyaninvestmentanalystwouldmostlikelyviolatetheCFAInstituteCodeandStandards?

a.Usingconfidentialclientinformationtomaketradesthatbenefittheanalystspersonalaccount.

b.Advisingaclienttopurchaseasecuritythattheanalystknowsisabouttobeheavilysoldbythefirmsinstitutionalclients.

c.Disclosingtoapotentialclientthattheanalystpreviouslyworkedforacompetitorandobtainednon-public,materialinformationaboutthatcompetitor.

d.Recommendingaportfolioofinvestmentstha